Category: Inflation
-
Dollar gains on hawkish Fed, even as inflation cools By Reuters
•
Written by Karen Brettell NEW YORK (Reuters) – The dollar rose on Thursday despite the US producer price inflation report for May, after the Federal Reserve adopted a hawkish tone at the end of its meeting on Wednesday. Data on Thursday showed that US producer prices fell unexpectedly in May,…
-
flat at $67k amid rate cut cues, softer inflation By Investing.com
•
Investing.com — Bitcoin’s price moved slightly on Thursday after a choppy session, as the Federal Reserve’s expectations for longer interest rate hikes largely overshadowed some signs of slowing inflation in the near term. It rose 0.4% over the past 24 hours to $67,484.6 by 02:05 ET (06:05 GMT). The coin…
-
Asia FX weakens as hawkish Fedspeak offsets inflation relief; BOJ awaited By Investing.com
•
Investing.com — Most Asian currencies fell on Thursday, as expectations of smaller interest rate cuts by the Federal Reserve dampened appetite for regional markets, even as the dollar fell amid a weak inflation reading. Uncertainty ahead of the Bank of Japan meeting and concerns over trade tensions between the US…
-
Dollar hits four-week high before Wednesday’s inflation report By Reuters
•
Written by Karen Brettell NEW YORK (Reuters) – The dollar hit a four-week high on Tuesday ahead of an upcoming inflation report that is likely to influence the timing of the Federal Reserve’s first interest rate cut, while the euro came under pressure due to political uncertainty. In the region.…
-
Dollars hands back gains ahead of inflation data, Fed meeting; By Investing.com
•
Investing.com – The US dollar fell on Tuesday, retreating from a one-month high, as yields eased ahead of key US inflation data and the Federal Reserve’s latest meeting. At 04:15 EDT (08:15 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.3%…
-
Week Ahead in FX (June 10 – 14): Fed and BOJ’s Decision on Tap, U.S. And Chinese Inflation Due
•
No need to look for a 6’5 guy in finances with a trust fund and blue eyes because you can make yourself rich with all the potential market catalysts we’re telling you about this week! The Fed and Bank of Japan will drop their policy decisions for June, while Uncle…
-
ECB’s Holzmann says further rate cuts by the Bank could slam EUR and spike inflation
•
Robert Holzmann is the Governor of the Austrian Central Bank and a member of the Governing Council of the European Central Bank, described by many critics as the A1 hawk at the table. Holzmann spoke in a radio interview on Saturday with public broadcaster ORF (Österreichischer Rundfunk, “Austrian Radio”). He…
-
Rising food, electricity prices push May inflation up to 5.1pc
•
The cost of living rose slightly in May, with inflation rising to 5.1 percent from five percent in April due to higher costs of food and electricity. The Food and Non-Alcoholic Beverages Index, which accounts for food prices, rose by 6.2 percent year-on-year compared to May of last year and…
-
Turkey Poised to Reach Worst of Inflation With Peak Close to 75%
•
Breadcrumb links BMN Business Türkiye hopes it is on the cusp of turning the page on another crisis as inflation rises. Article writer: Bloomberg News Beryl Ackman and Paris Balcy Published on June 02, 2024 • 2 min read You can save this article by registering for free here. Or…
-
Dollar set for first monthly drop after US inflation readout By Reuters
•
Written by Hannah Lange NEW YORK (Reuters) – The dollar fell on Friday and was headed for its first monthly decline in 2024 after data showed U.S. inflation rose in line with expectations in April, which did not clarify much about the extent to which the U.S. Federal Reserve could…
-
US indexes rally after cool inflation data
•
US Federal Reserve Chairman Jerome Powell arrives for a news conference at Federal Reserve Headquarters on December 13, 2023 in Washington, DC.Win McNamee/Getty Images US indices rose after a promising personal consumption expenditures report. The S&P 500 and Dow Jones rose, while the Nasdaq was mostly flat. Investors were encouraged…
-
Asia FX weak, dollar at over 2-week high before more rate, inflation cues By Investing.com
•
Investing.com — Most Asian currencies fell on Thursday, while the dollar rose above two-week highs on caution ahead of more key signals on U.S. inflation and interest rates in the coming days. Regional currencies are still reeling from a series of hawkish signals from the Federal Reserve, with officials warning…
-
Dollar steadies ahead of U.S. growth, inflation data By Investing.com
•
Investing.com – The U.S. dollar settled near two-week highs in early European trading on Thursday, supported by rising yields and increasing conviction that the Federal Reserve won’t cut interest rates anytime soon. At 04:35 EDT (08:35 GMT), the dollar index, which tracks the greenback against a basket of six other…
-
Federal Reserve’s preferred inflation gauge eased last month for the first time in 2024
•
WASHINGTON (AP) — The Federal Reserve’s closely watched price gauge fell slightly last month, a sign that inflation may be easing after rising in the first three months of this year. Friday’s report from the Commerce Department showed that prices, excluding volatile food and energy categories, rose 0.2% in the…
-
US inflation (PCE) data due Friday – here are the critical ranges to watch
•
Core PCE data is scheduled to come into focus on Friday, May 31, 2024 at 0830 US EST. You can see the average estimates below in the table. The ranges of estimates (why they are important are explained below) are: Core personal consumption expenditures on an annual basis from 2.7%…
-
Dollar steady ahead of inflation data, yen hits 4-week low By Reuters
•
Written by Ankur Banerjee SINGAPORE (Reuters) – The dollar received support on Wednesday thanks to growing expectations that the Federal Reserve (U.S. central bank) is unlikely to cut interest rates until later this year ahead of crucial inflation readings this week, while the yen drifted to its weakest levels in…
-
Dollar loses some ground ahead of key global inflation readings By Reuters
•
By Ray Wee SINGAPORE (Reuters) – The dollar fell on Tuesday on a slight rise in risk appetite, but remained in narrow ranges against peers ahead of key inflation data from major economies this week that may guide global interest rate expectations. The euro rose 0.16 percent to $1.0877 despite…
-
Stocks Rise, Dollar Slips Ahead of Inflation Data: Markets Wrap
•
(Bloomberg) — Asian stocks rose Tuesday as the dollar fell ahead of a string of inflation that is expected to impact the direction of global monetary policy. Most read from Bloomberg The MSCI AC Asia-Pacific Index rose, with stocks in Hong Kong leading gains in Asia. Markets in Japan and…
-
Week Ahead in FX (May 27 – 31): Global GDP and Inflation Updates Plus China’s PMIs
•
The PMIs are out and now it’s time for the leading lagging indicators to take center stage! Inflation updates may move interest rate expectations for major central banks, while global GDP releases may influence the strength of individual currencies in the next few days. Before all that, ICYMI, I wrote…
-
Argentina’s 300% inflation and propped-up peso spawn Paraguay border ghost town By Reuters
•
Written by Daniela DeSantis and Lucinda Elliott NANAUA, Paraguay (Reuters) – Shoppers in Paraguay used to flock in droves to the border town of Nanawa to buy cheap imports from Argentina, where years of weakness in the peso currency have depressed the relative prices of fuel, medicine and groceries smuggled…